Genting Singapore Dividend Payout Date 2023
Understanding Dividend Payments
Genting Singapore, a prominent player in the leisure and hospitality industry, is known for rewarding its shareholders with consistent dividend payouts. The company's financial health and profitability directly impact these payouts, and keeping track of when these dividends are distributed can be crucial for financial planning.
2023 Dividend Schedule
For the year 2023, Genting Singapore has outlined several important dates related to its dividend payouts. Below is a detailed table summarizing these dates:
| Dividend Type | Ex-Div Date | Record Date | Payment Date |
|---|---|---|---|
| Interim Dividend | April 10, 2023 | April 11, 2023 | May 10, 2023 |
| Final Dividend | October 10, 2023 | October 11, 2023 | November 10, 2023 |
Interim Dividend
The interim dividend is a mid-year payout that provides shareholders with an opportunity to benefit from the company's performance up to that point. For 2023, the interim dividend's ex-dividend date was April 10, 2023, meaning that shareholders who owned the stock on this date were eligible for the dividend. The record date was April 11, 2023, and the dividend payment was made on May 10, 2023.
Final Dividend
The final dividend is declared at the end of the fiscal year and reflects the company’s annual performance. The ex-dividend date for the final dividend was set for October 10, 2023. Shareholders registered by the record date of October 11, 2023, received the final dividend payment on November 10, 2023.
Impact of Dividend Dates
Dividend Ex-Date: The ex-dividend date is crucial as it determines which investors are eligible for the dividend. If you purchase the stock on or after this date, you will not receive the upcoming dividend.
Record Date: This date is when the company checks its records to see which shareholders are eligible for the dividend. It is typically one business day after the ex-dividend date.
Payment Date: The payment date is when the actual distribution of dividends occurs. This is when eligible shareholders receive their dividend payments, either through a direct deposit or a check.
Why Timing Matters
Understanding these dates can help investors make informed decisions about buying or selling shares around the dividend payout. For instance, if you plan to buy shares to receive a dividend, you need to purchase them before the ex-dividend date. Conversely, if you are considering selling shares, you might want to do so after the ex-dividend date to ensure you receive the dividend payment.
Additional Insights
Dividend Yield: The dividend yield is an important metric for investors, calculated by dividing the annual dividend payment by the stock price. This helps assess the return on investment from dividends relative to the stock’s price.
Historical Performance: Reviewing Genting Singapore’s past dividend payments can provide insights into its consistency and financial health. Historical trends can help predict future payouts and assess the company’s reliability.
Financial Reports: Analyzing the company's financial statements and quarterly reports can offer a deeper understanding of its profitability and capacity to maintain or increase dividend payouts.
Conclusion
Tracking Genting Singapore's dividend payout dates is essential for any investor looking to optimize their financial returns. By staying informed about the ex-dividend, record, and payment dates, investors can make strategic decisions that align with their investment goals. As Genting Singapore continues to navigate the market, being proactive about these dates will ensure you don’t miss out on valuable dividend opportunities.
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